The Court of Common Pleas in Hampton County on June 11 finalized a settlement in a class action lawsuit over the costs that South Carolina Electric & Gas Company’s electric ratepayers have incurred towards the abandoned VC Summer nuclear power project. The settlement includes a $115 million cash component, an estimated $60 million to $85…
The New Jersey Board of Public Utilities has released the draft version of the 2019 Energy Master Plan, which provides a blueprint made up of seven strategies for achieving the state’s goal of 100 percent clean energy by 2050, as well as reducing greenhouse gas emission by at least 80 percent compared to 2006 levels,…
Nuclear power is making its way into clean energy policies as more states embark on ambitious emissions reduction plans. The need to build up carbon-free energy resources in the fight against global warming is driving a number of policymakers to put nuclear power on equal footing with renewable resources.
Duke Energy plans to decommission its already retired Crystal River Nuclear Plant in Florida by 2027, 50 years before originally scheduled, according to a May 30 press release. The plan for early decommissioning is still subject to the approval of the U.S. Nuclear Regulatory Commission and the Florida Public Service Commission. Duke had previously announced its decision to…
The Ohio House on May 29 passed legislation that would require electric customers to pay monthly charges from 2020 through 2026 to ultimately raise about $198 million per year, most of which would be passed on in the form of “clean air credits” to rescue FirstEnergy Solutions Corp.’s ailing nuclear plants. Simultaneously, the bill seeks…
Republican Governor Larry Hogan announced on May 22 that he is allowing the Clean Energy Jobs bill, which raises the renewable portfolio standard to 50 percent by 2030, to take effect without his signature, expressing concerns that the measure could send jobs and environmental benefits to other states. Hogan chose to allow the measure to…
Xcel Energy Inc. plans to retire its last two coal power plants in Minnesota by 2030, a decade earlier than scheduled, while extending operations of its Monticello nuclear plant until at least 2040, according to a May 20 announcement. The closures are part of the company’s integrated resource plan, which will be filed with the…
The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units, 8 percent higher than in the previous year, according to the Energy Information Administration’s latest Monthly Energy Review. While fossil fuels like crude oil and natural gas saw increases of 17 and 12 percent respectively…
A 26-member coalition of consumer and environmental groups on April 22 asked the New Mexico Public Regulation Commission to examine the ratepayer impacts of the Public Service Company of New Mexico’s planned purchase of its expiring leases of the Palo Verde Nuclear Generating Station Unit 1 and Unit 2 in 2023 and 2024, respectively. The…
The New Jersey Board of Public Utilities on April 18 awarded zero emission credits to the Hope Creek and Salem nuclear power plants after determining that the facilities could close within three years due to financial distress. The subsidy program was established under legislation enacted last May to compensate the fuel diversity and zero-carbon attributes…
The U.S. Energy Department on March 22 announced the closing of up to $3.7 billion in additional loan guarantees to fund the construction of two units at the delayed Vogtle nuclear power plant in Georgia. The decision brings the department’s guarantee of loans to $12 billion, including up to $8.3 billion provided in 2014 and…
Natural gas accounted for nearly 31 percent of power generation in PJM Interconnection LLC’s footprint in 2018, surpassing coal’s share of about 29 percent, according to a March 18 report from the grid operator’s market monitor. Nuclear power dominated the region’s generating sector representing about 34 percent of the generation mix last year. Renewables had…
